Here is how "Soles" the Peruvian Money works:
The exchange rate is hovering around 3.00 soles for one dollar. Lets use 3.00 for the sake of discussion which means that 1 sole is worth 33 cents in our currency.
30 Soles would be 10 dollars, 300 soles 100 dollars etc.
- 10 of those little Centavos (that they don't use any more on the street, only in the airport and bank) = one Peruvian centavo or penny.
- 100 of the centavos (or pennies) that they do use = 1 sole. See the 10, 20 and 50? those are like our dime, quarter and fifty cent piece. 100 units make up a soles.
- Then there is the one sole coin= .33 cents
- The two sole coin= .66 cents
- The five sole coin= $1.65
- 10 soles bill=$3.00
- 20 soles bill=$6.00
- 50 soles bill=$16.60
- 100 soles bill=$33.00
WE WILL CHANGE YOUR MONEY AT THE OFFICE IN IQUITOS. WE WILL GET YOU THE HIGHEST EXCHANGE RATE AVAILABLE. THE AIRPORT IN LIMA WILL TAKE US DOLLARS FOR ANYTHING YOU NEED SO DON'T FEEL LIKE YOU HAVE TO CHANGE YOUR MONEY THERE.
A good way to protect your money, if you will be traveling with lots of it, is to bring a VISA debit card. ATM MACHINES are easy to find and that way your money is secure until you need it. For a few hundred dollars it is better to just bring the cash. Don't forget to memorize your pin number. It is also a good Idea to notify your bank so they will be expecting some out of country charges. You don't want to get cut off by an over zealous fraud officer. For my Visa debit card I pay .8% to make a with-drawl from my account or 8 dollars for a thousand dollar with-drawl.
Travelers checks are a bad idea. The vendors won't take them and the lines at the banks are long and they may not take them either. Cash and debit cards are the way to go.